Dreams Reflected in Bitcoin

Love the dreamers– they make life worth living. Right now many are looking into bitcoin and seeing their dreams in the reflection. And like all things bitcoin, this is playing out in public view, so we see other’s hopes and fears. Unfortunately, a technology only fulfills a small percentage of the dreams– but I suggest we keep the dreams in mind and then try to fulfill them next time. Some wrote up the WWWdreamers and telephone dreamers.

One Response to Dreams Reflected in Bitcoin

What seems to missing among Bitcoin dreamers and critics is a s revolutionary Marxist analysis of the open-source currency.

If there has been one, I have yet to read it.

Certainly there are many technical aspects of Bitcoin that make it fascinating and worth greater study.

Capitalism’s well-known problems are historical and systemic.

It has shown an extraordinary capacity to cosmetically reinvent itself on the threshold of each new economic crisis– but more often than not leaves ever more inequality and chaos in its wake.

Currency as a tool should be democratically put in the service of helping to fulfill human needs, not to serve the greed of a minority.

Since Bitcoin’s value comes chiefly from its scarcity and has no clear relation to the value of work, it appears to be a pipe dream which serves to divert attention from the direction people must go if civilization is to progress.